About your Search

20121128
20121206
Search Results 0 to 6 of about 7
. but wealthy people obviously donate a lot. mitt romney was a classic example gave away millions and millions of dollars. >> host: what are the objections that benefit the upper income like special low rates for capital gains, dividends, other things that particularly benefit wealthier income? >> guest: the capital gains and dividends break is a classic greek that benefits the very wealthy. if they receive more than 90% of the benefit, certainly people in the middle-class get a little benefit from that break, but overwhelmingly the majority of that goes to the wealthy. >> host: political has history with this tax loopholes alone can't solve the fiscal cliff, even if you dump in the vaguest tax loopholes, they don't come close to closing the deficit. at best the top 10: $834 million a year. john mckinnon, how significant are deductions when we look at their role in the big picture of solving the so-called fiscal cliff? >> guest: they can be really important. the goal is not to get rid of the budget deficit. i don't think anyone who's involved in this process has a realistic hope of getting rid
romney as well as president obama is, are you for the dream act? i guess that says a lot about this legislation and the idea of the principle behind it. when i introduced the dream act 11 years ago it was because i met a young woman from chicago, teresa li who was korean, came to this country as a child, was raised in the united states but her parents never filed the documentation. so teresa li was graduating from high school. an accomplished pianist, had been accepted by the juilliard school of music but she was undocumented. she wasn't a citizen. she wasn't here legally. so she came to our office and asked what she could do and we had to advise her mom, under the law, teresa, having lived in this country for more than 16 years, had to leave and go back to brazil where her family had been before they had immigrated to the united states. what a waste of talent. so i introduced the dream act to give her and many like her a chance, to become part of america. over the years we have had many votes. i have always had a majority vote on the floor, a bipartisan majority vote, but i've
it in the house races, and of course president obama and candidate governor romney discussed it again and again. my friend talks about a consensus. let me tell you the consensus. more than 60% of the people agree with president obama and the democrats that we ought to climb down off this fiscal cliff in the next five minutes and pass what the senate passed, which is to renew all the bush tax cuts and go back for those over 250,000 to the rates of bill clinton. that's what we passed here. that will bring us almost a trillion dollars over ten years. that will get us to climb down that cliff. then we have got other parts of the cliff, there's no question about it, the automatic sequester. i think it's easy to deal with that by bringing home some of the overseas account money and applying it to the sequester and getting rid of at least half of that sequester, maybe all of the sequester. but no, you're going to listen to these speeches every day about how we're obsessed with taxes. what are you talking about, obsessed with taxes? i'll tell you what i'm obsessed about. i'm obsessed with the fact that
article in foreign policy recently. has been was a china adviser to mitt romney. he now heads the university of chicago. but he basically wrote about the sort of two chinas or to the ages. he said there's sort of a doctor jekyll and mr. hide that's evolving to a doctor jekyll, which is the nicer of the two is the economic issue. the dr. height is the strategic asia, is the security agent. if you look at the economic asia there's heavy amounts of interdependence, everybody is investigating each other. $19 billion in regional trade which includes india. if you look at the security asia, national entity, orders dispute, historical grievances just are driving things apart and you're seeing real impact on these. in the has its own problems in the region across china region across china. region across chandigarh on the border dispute. if you look at this is something that you want to be deeply engaged in or do you look at this is basically something that you can ride along and freeload and let america and canada and japan handled? >> steve, your question -- >> i'm and freeload, by t
, was literally on the ballot and romney and ryan opbd other republicans were -- and other republicans were not shy about telling the american people they didn't think the rich should pay a penny more in this tax deal. not only did democrats win races across the country, but in exit polling it was clear that the vast majority of americans supported our approach to deficit reduction, a balanced approach, an approach that cuts spending responsibly but also calls on the wealthy to pay their fair share. madam president, voters spoke pretty clearly in this election and they stood behind democrats to fight for a budget deal that works for middle class. and we are hearing encouraging words from some of our republican colleagues who have indicated a willingness to put revenue on the table and to break that stranglehold that d.c. lobbyist grover norquist has on the republican party. one of my colleagues said republicans should put revenue on the table. we don't generate enough revenue and said he would not be beholden to the norquist pledge. another said the world has changed and the economic situat
. for the presidency, for a race that was supposed to be president romney's, according to his people, was president obama's mainly because president obama stood up for the middle class and said, when it comes to taxes, we all have to pay our fair share; no more, no less. so when you tell your friends that the president wants to give you your tax cut, you should tell them also it's being held up by the republicans in congress who are sitting on a bill that passed july 25, 2012. 98% of the american people will get their tax break continued, and only income over $250,000 will be taxed at the same rates when bill clinton was president. let's take a look back at those days. were they harsh for people? no. we had more millionaires created, i remember, in those days than we had in generations. you know why? because when the middle class is strong and he invested in the middle class, he invested in our people, they get good jobs, they pay enough taxes, they go to the mall, they make -- they take a trip across the country to see all the great landmarks, and people across this country who have businesses do
about the ryan plan, and just like we saw in the romney plan, when you're talking about simply closing loopholes and ending deductions, either the math doesn't add up or the middle class ends up bearing the entire burden. republicans are tying themselves up in knots to avoid the obvious. easiest way to raise revenue from the wealthiest americans is simply to allow the bush tax cuts for the top 2% to expire as scheduled. that's what the democrats want. it's what the american people support. and it would move us a long way towards balanced and bipartisan dealing we're all working to get to. mr. president, my colleague in the house of representatives, minority leader pelosi, is circulating a discharge petition to bring the senate bill to the house floor. i strongly support this move and i urge house republicans to sign on and allow this legislation to come to the floor for a vote. mr. president, democrats have proven we are willing to make the tough compromises, that a balanced and bipartisan deal will require. and we've been very clear we will not allow republicans to push through a bad
Search Results 0 to 6 of about 7